Former UBS Trader Adoboli Is Jailed for Seven Years

By

Dana Cimilluca,

Vivek Ahuja and

Richard Partington

Updated Nov. 20, 2012 2:37 p.m. ET

Former UBS AG trader Kweku Adoboli was found guilty of fraud and sentenced to seven years in prison in connection with a $2.3 billion loss that hobbled the Swiss bank and triggered an upheaval there whose repercussions continue to this day.

Mr. Adoboli faced two counts of fraud and four counts of false accounting. He was found guilty by a 10-person jury on the two fraud counts and not guilty on the other four. He had pleaded not...